GTA Accounting Insights

Category: Latest News

Rental Property for Non-Residents

What is Section 216 The real estate sector is one of the fastest-growing sectors of the Canadian economy. Income taxes in Canada are relatively high as compared to the other parts of the world. Therefore, people tend to move to gulf our other tax havens to avoid paying the Canadian tax. This can be achieved…
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Do I charge GST or HST on the sale of good and services to another province?

In Canada, all online businesses are taxed just as brick-and-mortar businesses are. Over the past several years, internet sales have grown significantly as most businesses run online stores and can deliver their products right to their customers’ doorsteps. While some retailers sell their products, both in-store and online, others operate solely online. Regardless of the…
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GTA Accounting Named a Top Accounting Firm by Clutch!

GTA Accounting is excited to announce that they have been ranked by Clutch as one of the top accounting firms in the world. We are a chartered professional accounting firm specializing in a wide range of services including but not limited to corporate tax returns, bookkeeping services, financial statements, and tax auditing, as well as…
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GTA Accounting Now Featured on Clutch

Scrupulous bookkeeping has always been a valued and necessary service for any business looking to function at a high level. But with recent technological developments and the complexity of modern business functions and transactions, many businesses are unable to complete their own bookkeeping services at an adequate level. This has created a market for firms…
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Privacy Policy

Website Privacy Policy The last update to our Privacy Policy was posted on September 25, 2018.  This Privacy Policy governs the privacy terms of our Website, https://www.gtaaccounting.ca/, as owned and operated by GTA Professional Accounting Corp. Definitions “Non-Personal Information” (NPI) is information that is not personally identifiable to you and we automatically collect when you…
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CRA Gift Tax Rules for Employers

Did you know that giving your employees gifts instead of cash bonuses can help you to minimize your tax bill? The gift can be used as a tax deduction on your Canadian income tax. Additionally, the gift benefits the employees because they don’t have to declare it as part of their taxable income. Tax Rules…
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